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Medical Condo For Sale • 3,684 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit A&B | Medical | 3,684 SF | $1,433,498 USD | |
Description2620 Seacrest Boulevard represents an attractive medical office investment within one of Palm Beach County’s steadily expanding submarkets. Situated just minutes from downtown Boynton Beach, this fully leased professional building benefits from strong surrounding demographics, established residential neighborhoods, and a growing medical services ecosystem that supports long term demand. Boynton Beach continues to experience population increases driven by migration, new housing, waterfront revitalization, and proximity to Delray Beach, Boca Raton, and the wider Palm Beach region. These trends have elevated the need for outpatient clinics, wellness providers, and specialized care practices, enhancing the value of well positioned medical office properties. Sale NotesOffered at 1,433,498 with a 7 percent cap rate, the asset delivers immediate cash flow backed by stable tenancy. Medical tenants tend to exhibit high renewal rates due to specialized build outs, patient continuity, and operational efficiency, creating a predictable income environment for investors. The building’s manageable size and professional presentation make it an appealing addition for both local owners and regional investors seeking durable returns in a desirable coastal market. With its combination of occupancy stability, strategic placement, and access to a robust healthcare consumer base, 2620 Seacrest Boulevard stands out as a compelling investment within the Boynton Beach medical and professional office landscape. |
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The property’s strategic location offers convenient access to I 95, Woolbright Road, Boynton Beach Boulevard, and Federal Highway, enabling seamless patient and employee travel throughout Palm Beach and Broward Counties. Its placement along Seacrest Boulevard ensures consistent visibility within an established local corridor known for medical offices, senior services, retail amenities, and professional operators. The surrounding area features strong median household income levels, solid homeowner concentrations, and an ongoing influx of new development, all of which reinforce the long term appeal of this location for healthcare tenants.
| Premier Medical Tenant: Leased to Advanced Dermatology & Cosmetic Surgery, one of the largest and most established dermatology groups in the U.S. |
| Prime Healthcare Location: Directly across from Baptist Health’s Bethesda Hospital East, ensuring strong patient traffic and long-term medical demand. |
| Tenant Renewal Secured: Tenant recently exercised their first renewal option, demonstrating their strong performance and commitment to the location. |
| Built-In Rent Growth: Lease includes 3% annual increases with two additional 3-year renewal options remaining. |
| Recent Capital Improvements: Property features a new roof and updated interior, minimizing near-term capital expenditures. |
| High-Quality Medical Buildout: Efficient clinical layout suited for dermatology and other medical specialties. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Delray Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 11 min | - | 6.0 mi |
| Boynton Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 10 min | - | 6.5 mi |
| Airport | Drive | Walk | Distance |
| Palm Beach International | 22 min | - | 15.3 mi |
| Fort Lauderdale/Hollywood International | 47 min | - | 35.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 32 |
| Type: | Surface |
| Included in Rent: | Yes |
Connor Anthony
Matthews Real Estate Investment Services
Connor Anthony
Matthews Real Estate Investment Services
